Will you sacrifice privacy for Ease of Use and better features than Bitcoin?

Kprawn

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Quote from: MingLee on October 01, 2016, 01:06:01 PM

Bitcoin is fine and I personally have absolutely zero ease-of-use issues with it. As such, I personally don't believe that there is any reason to sacrifice the privacy of Bitcoin in favor of making it "easier" to use.

It really isn't that hard and I don't see why people have an issue with it.

You have not seen some of the offerings from the banks lately, have you? We are seeing banking being combined with the Ease of use of

Social media. You can now transfer small amounts of money within a chat session with someone as payment. They are making it very

easy for people to transfer value within Social media platforms, like we doing with tipping in Bitcoin. So they are not sitting on the side,

waiting for Bitcoin to disrupt them, they adapt and improve... something they have not been doing for years. Shocked

MingLee

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Bitcoin is fine and I personally have absolutely zero ease-of-use issues with it. As such, I personally don't believe that there is any reason to sacrifice the privacy of Bitcoin in favor of making it "easier" to use.

It really isn't that hard and I don't see why people have an issue with it.

Xester

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It always depend what privacy someone needed. And if it really helps people around the world then it is such a big yes. Everyone wanted to have a friendly use things. One is the system which allows anyone from everywhere to pay your bills using your bitcoin wallet.

fravia

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Quote from: cloud69 on September 30, 2016, 08:46:33 PM

Like most people said, it depends on what privacy issues am I giving up. You definitely dont want to pay for something while people being able to see who bought it, and where he lives etc.

well you are right, but in my opinion bitcoins is really good as it is at the moment and nothing needs to be changed

amacar2

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Easiest way to do financial transaction will be using bank payments or check payments which we are doing for centuries because people will always find new types of tech always harder to understand and same goes for bitcoin. Bitcoin provide far better security as well as privacy than usual ways and for people to understand all this will require few more years and be used to it. I will definately choose bitcoin for privacy rather than using other crypto for easiness and better GUI.

darklus123

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Quote from: Kprawn on September 30, 2016, 11:54:57 AM

I see more and more Alt coins and also Blockchain based technologies being developed, where privacy is destroyed to make room for

better features { Faster confirmation for transactions & user-friendly GUI } We need to consider if we value privacy {pseudo anonymity}

over better features in the future.

The attack angle from these competing technologies seem to be speed and ease of use. Will you dump Bitcoin for improved features in

other technologies and in the process sacrifice the financial privacy you have with Bitcoin?

Just curious how you see this, and what you will do, when these technologies hit the scene. They are currently a bit behind, but they are

catching up VERY fast. Huh

If i am satisfied by their service then it can maybe let me think twice. Another one is that i know this one bitcoin exchange service in our place which is i think have registered and has a legal permit to operate.

Red-Apple

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Quote from: Kprawn on September 30, 2016, 11:54:57 AM

I see more and more Alt coins and also Blockchain based technologies being developed, where privacy is destroyed to make room for better features { Faster confirmation for transactions & user-friendly GUI } We need to consider if we value privacy {pseudo anonymity} over better features in the future.

this is very strange and new to me.
because wherever i look especially these days i see everyone is talking about more privacy and increasing it. with coins like Monero going to the moon and litecoin implementing anonymous transactions!!!

Quote

The attack angle from these competing technologies seem to be speed and ease of use. Will you dump Bitcoin for improved features in other technologies and in the process sacrifice the financial privacy you have with Bitcoin?

Just curious how you see this, and what you will do, when these technologies hit the scene. They are currently a bit behind, but they are catching up VERY fast. Huh

i don't know what technologies you have in mind, it would have been great if you could give us some examples (names).
but i wouldn't just abandon bitcoin for another feature because bitcoin is satisfying my needs.

zend7

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Hackers please hack me .... if you can :)

I will never sacrifice privacy for ease of use. Better to learn a bit on how to use the wallet rather than compromise the privacy. I want to watch porn without showing my details. I want to gamble without showing my details. I want to trade without showing my details.

It is a lot that I lose if I sacrifice privacy for ease of use, so this a NO NO option.

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: Kprawn on September 30, 2016, 11:54:57 AM

I see more and more Alt coins and also Blockchain based technologies being developed, where privacy is destroyed to make room for

better features { Faster confirmation for transactions & user-friendly GUI } We need to consider if we value privacy {pseudo anonymity}

over better features in the future.

The attack angle from these competing technologies seem to be speed and ease of use. Will you dump Bitcoin for improved features in

other technologies and in the process sacrifice the financial privacy you have with Bitcoin?

Just curious how you see this, and what you will do, when these technologies hit the scene. They are currently a bit behind, but they are

catching up VERY fast. Huh

i like the level of privacy and anonymity that bitcoin is offering me. and i am not looking for much else. many of users want a lot more privacy and a lot others don't even care about privacy and use coinbase and similar services. but me, i want the middle ground, the pseudo anonymity is enough for me.
and as for newer features i have to really test them to see if they are really useful to me or just an interesting feature without any real world application.

Kprawn

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Merit: 1073

Ok, we have now determined that most of us would not sacrifice privacy for better features and Ease of use, but why do we then still

make use of centralized services, like for example Coinbase , BitPay etc.. where they force you to "verify" your identity to use their more

convenient systems, with their nice GUI interfaces? Try to buy something directly without 3rd party payment processors { eg. Steam

content } and you will run into these services. Merchants wants to deal with "verified" users to adhere to all these KYC/AML regulations,

and if you do not bend the knee to these services, they will not accept your Bitcoin. So is financial privacy still important to you, if you use

these services to make transactions in Bitcoin?

davis196

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Quote from: Kprawn on September 30, 2016, 11:54:57 AM

I see more and more Alt coins and also Blockchain based technologies being developed, where privacy is destroyed to make room for

better features { Faster confirmation for transactions & user-friendly GUI } We need to consider if we value privacy {pseudo anonymity}

over better features in the future.

The attack angle from these competing technologies seem to be speed and ease of use. Will you dump Bitcoin for improved features in

other technologies and in the process sacrifice the financial privacy you have with Bitcoin?

Just curious how you see this, and what you will do, when these technologies hit the scene. They are currently a bit behind, but they are

catching up VERY fast. Huh

No, i won`t dump bitcoin for that.

The good thing about cryptocurrencies is that you have choice.

You can choose a more anonymous altcoin or an altcoin with less privacy but other good features.

pooya87

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it really depends, i can't give a general yes/no answer to this because it depends on a lot of things.

for example how much difference in lack of privacy are we talking about. and what are those new features. i know you mentioned some in your comments but in my opinion it can only be answered on a case by case basis.

1Referee

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Bitcoin is the only thing I need and use. If I was even a tiny bit interested in other coin projects, then I would spend a good bit of my time there, but to me the features they are offering are mostly nothing more than gimmicks. So no, I will not sacrifice anything for easy and use.

BitHodler

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I always prefer privacy over anything as that is one of the main reasons I am in Bitcoin in the first place.

Easiness and "better" features is just to attract average Joe people to come on board.

Whatever is happening, I am and will always be on Bitcoin's side. I really believe in the potential that this technology has.

noictib

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One of the world's leading Bitcoin-powered casinos

i think with increase of the privacy of use in Bitcoin is a small other problem created . here with blockchain privacy technology in updated wallet version there is problem of using a particular adress . so i think there should not be like this privacy option which didn't make bitcoin user definite .

dryandry

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for me privacy is number one
i will not sacrifice with ease of use

~Bitcoin~

legendary

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If we are not concerned regarding financial privacy than using alts that doesn't provide anonymity for faster transaction and better GUI feature will be just like using traditional electronic payment systems banks have. Bitcoin will always remain superior to other alts even other alts provide more features and ease in use.

shinratensei_

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Quote from: lottery248 on September 30, 2016, 06:16:22 PM

Quote from: ahmedjamal1998 on September 30, 2016, 05:56:45 PM

Wait what ? The main reason why I deal with bitcoins is because of its privacy/anonymity .

So, NO ! I wouldn't sacrifice that.

PLUS bitcoins is already easy and GUI-supported. There is nearly nothing wrong with it except for the time for the transactions to be confirmed but that isn't that painful either.

explicitly, enough to say, as some of the use(s) of bitcoin must be used anonymously as in the darknet. there are no way for them to sacrifice their identity. one of why bitcoin was created was not to allow arbitrary limits

As the people is searching bitcoin for securing their privacy and they need for sacrifice it? that's very reversible with the first intention of using bitcoin.

Indrawan77

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I love bitcoin because i can used it without revealing my identity, so i won't exchange my decision eventhough it provides better speed or any better feature because for me the most important reason I used bitcoin is the anonymity

RoommateAgreement

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Bazinga!

how much of my privacy.

i think many of users here don't care too much about privacy of bitcoin, we all care some about privacy but some of us a lot more than others

so if the level of privacy is not that low i won't care.

Topic: Will you sacrifice privacy for Ease of Use and better features than Bitcoin? (Read 1627 times)